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China's resolute steps in further opening up and attracting more foreign investment were also reiterated by Premier Li Keqiang during his news conference on March 20.
Chinese GDP in 2017 should have accounted for 15.3 percent of global GDP, based on World Bank estimates the world's economy should have grown by 3 percent. In addition, the Chinese economy's contribution to the world's economic growth would be 34 percent. Between 2013 and 2016, Chinese consumption contributed 23.4 percent to global consumption growth, while the US' contribution rate, the Eurozone's contribution rate and the Japanese contribution rate came in at 23 percent, 7.9 percent and 2.1 percent respectively.
China's trade surplus is actually not responsible for the US' trade deficit, Yukon Huang, a senior fellow in the Carnegie Asia Program, told the forum.
Chinese President Xi Jinping(R) meets with Danish Prime Minister Lars Loekke Rasmussen at the Great Hall of the People in Beijing, May 4, 2017. [Photo/Xinhua]
China's shared accommodation market surged 70 percent year-on-year in 2017 to reach a transaction volume of 14.5 billion yuan (.28 billion), according to an industry report.